Insights articles Japan - Taking the Best out of an Underappreciated Market A Q&A with Ernst Glanzmann, Head of Japan, and Reiko Mito, portfolio manager. Together they manage a Japanese equity strategy which celebrates its 25-year anniversary in March. 2017-03-24T00:00:00 Emerging Market Debt – Plenty of Upside Left A Q&A with Enzo Puntillo, Head of Fixed Income at GAM in Zurich. Together with his team, he manages various emerging market debt portfolios. The unconstrained “best ideas” strategy just marked its three-year anniversary. 2017-03-23T00:00:00 Preparing for Normalisation US stock indices are trading at, or near record highs, US household wealth is booming and US inflation is edging ever closer to the Federal Reserve’s (Fed) 2% target. Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, ponder the implications of a potential ‘normalisation’ of monetary policy for fixed-income investors. 2017-03-21T00:00:00 Oil Supply Falling Behind Demand The International Energy Agency last week highlighted growing risks to the oil supply as a result of underinvestment. Robert Cominotto, investment director for energy equities at GAM, considers the possible implications for the global oil market. 2017-03-16T00:00:00 Hedge Fund Performance Update - February 2017 Convertible Arbitrage – Back from the Dead? 2017-03-10T00:00:00 Should Investors Switch into Cyclical Stocks? Since July 2016, we witnessed a massive rotation from the defensive segments of the equity market into cyclical stocks. Carlo Capaul, GAM’s Head of Global Equities in Zurich, believes that investors need to weigh up the risks carefully before jumping on a moving train. 2017-03-09T00:00:00 LSE Alternative Investments Conference - Algorithm Aversion Dr Ewan Kirk, Chief Investment Officer of GAM Systematic’s Cantab team, spoke at the LSE Alternative Investments Conference in London in January 2017. He questioned why investors in general are sceptical of systematic trading while long term performance seems to indicate that the performance of models is at least as good as that of humans. So why the scepticism? 2017-02-28T00:00:00 Larry Hatheway on Markets - February 2017 GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-02-23T00:00:00 Tech Themes For 2017 As technology evolves, new themes and opportunities open up for investors. As featured in Citywire, Mark Hawtin, GAM Investment Director, puts forward his thematic predictions for 2017, and explains why the future is not in handsets... 2017-02-14T00:00:00 Will Politics Trump Economics? President Donald Trump has inherited an economy that is in much better shape than his predecessor did eight years ago. Nonetheless the new president has ambitious plans for his first 100 days in office. As featured on CNBC, Larry Hatheway, Chief Economist and Head of GAM Investment Solutions, considers just how much President Trump can achieve and what the likely impact on capital markets will be. 2017-02-13T00:00:00 Themes and Trends for Luxury in 2017 After three painful years, the luxury sector is turning a corner. This shift is bringing new investment opportunities, but GAM investment director Scilla Huang Sun believes that the recovery will not be uniform across the sector, meaning careful stock selection is key. She presents the trends and themes to watch this year. 2017-02-09T00:00:00 Change is in the Air Tim Haywood, investment director for absolute return strategies looks ahead to 2017 where, after a year of shock results and unexpected outcomes, two signs of change have materialised on the fixed income horizon. 2017-02-07T00:00:00 Hedge Fund Performance Update - January 2017 Merger arbitrage a lower-risk option to play US regulatory changes. 2017-02-06T00:00:00 Larry Hatheway on Markets - January 2017 GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-01-31T00:00:00 Industry Update: US Mortgage Market Update for Q4 2016 from Gary Singleterry, Investment Director, and Tom Mansley, Investment Director. 2017-01-26T00:00:00 Emerging Markets: Another Year, Another Opportunity Paul McNamara, investment director responsible for GAM’s emerging market strategies, looks ahead to 2017 and reflects that the likely drivers of EM local currency bond markets are the same ones that led to overall outperformance last year. 2017-01-24T00:00:00 Trump: Can He? The inauguration of Donald Trump as the 45th President of the United States will be held tomorrow in Washington, D.C, marking the commencement of his four-year term in office. As featured on Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, considers what would constitute truly successful US economic policy and whether President-elect Trump can deliver it. 2017-01-19T00:00:00 Has China put the Brake on M&A? Roberto Bottoli, manager of GAM’s merger arbitrage strategy, discusses the significance of new capital controls measures imposed by China, namely restrictions on outbound mergers and acquisitions, and whether the political standoff between China and other countries on cross-border M&A is likely to be resolved. 2017-01-17T00:00:00 EU Equities – Selection is Key As featured on Investment Week, Niall Gallagher, Investment Director for European equities at GAM, explains why European companies continue to offer investors interest opportunities for returns in 2017, but warns that careful stock selection will be key. 2017-01-12T00:00:00 2017 Outlook – Contrarian Trades A number of major political and economic events shaped financial markets in 2016, forcing investors to navigate a landscape of heightened volatility. But with uncertainty likely to continue through 2017, GAM’s investment managers have identified some unique investment opportunities that go against the grain. 2017-01-10T00:00:00 2017 Outlook - Key Events With so much happening in parallel across political, economic and financial landscapes, it seems daunting to try to identify the one event that shaped 2016. In the following short statements, our investment experts share their predictions on which events will prove pivotal in 2017. 2017-01-05T00:00:00 After the BRICs, it’s Time to Focus on the VARPs Tim Love, Investment Director for emerging market equities at GAM, considers the major growth opportunities offered by Vietnam, Argentina, Romania and Pakistan. 2017-01-03T00:00:00 15 Years of the Euro New Year’s Day will mark 15 years since the physical euro currency was implemented. Joachim Corbach, Head of Currencies & Commodities at GAM, considers the politics behind the introduction of the single currency, its future and what this means for investors. 2016-12-29T00:00:00 From Cyborg to Cyber Monday The 1980s AI brought fears of a Terminator-style cyborg uprising, where humans became enslaved by their robotic overlords. This time round the big developments are focused around specific goals with more subtle impacts, namely in the areas of online shopping and digital butlers. Mark Hawtin and Chris Woodcock discuss the investment potential. 2016-12-28T00:00:00 A Single Wish for 2017 Twelve months ago Larry Hatheway published a holiday wish list of five things he hoped would prevail in 2016. Sadly, few of those wishes came true this year - so this year the list is pared to one. 2016-12-21T00:00:00 2017 Outlook – The Investment Themes to Watch 2016 was a year of erratic markets and geopolitical shocks that sent fundamentals into the shadows. Bourses moved on speculation and surprise, challenging market participants. GAM’s investment experts put forward their key themes for the year ahead. 2016-12-19T00:00:00 Healthcare 2017: The Postelection Comeback Given an environment conducive to merger and acquisition (M&A) activity, Christophe Eggman, investment director for healthcare equities, looks ahead to 2017 and beyond with a sense of optimism. 2016-12-15T00:00:00 Hedge Fund Performance Update - November 2016 2017 outlook – Growing uncertainty may present opportunities for active management. 2016-12-15T00:00:00 Larry Hatheway on Markets - December 2016 GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2016-12-14T00:00:00 Brazil - Room to Rally? Denise Prime, Investment Manager, examines the potential for Brazil to outperform in 2017 and the opportunities for fixed income investors. 2016-12-13T00:00:00